Australia: Market for Hand-Operated Drilling, Threading or Tapping Tools 2025

Market Size for Hand-Operated Drilling, Threading or Tapping Tools in Australia

The Australian market for hand-operated drilling, threading or tapping tools expanded sharply to $X in 2022, increasing by 14% against the previous year. Overall, the total consumption indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -3.2% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Production of Hand-Operated Drilling, Threading or Tapping Tools in Australia

In value terms, production of hand-operated drilling, threading or tapping tools stood at $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable contraction. The pace of growth was the most pronounced in 2013 when the production volume increased by 40% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production of growth remained at a lower figure.

Exports of Hand-Operated Drilling, Threading or Tapping Tools

Exports from Australia

In 2022, overseas shipments of hand-operated drilling, threading or tapping tools decreased by -30.5% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports recorded a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 114% against the previous year. Over the period under review, the exports of reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of hand-operated drilling, threading or tapping tools declined to $X in 2022. In general, exports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 47% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Papua New Guinea (X tons), New Zealand (X tons) and the UK (X tons) were the main destinations of exports of hand-operated drilling, threading or tapping tools from Australia, with a combined 61% share of total exports. Indonesia, China, Egypt, Senegal, Singapore, Cote d'Ivoire, Germany, Madagascar, the Netherlands and Norway lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2022, the biggest increases were recorded for Cote d'Ivoire (with a CAGR of +141.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hand-operated drilling, threading or tapping tool exported from Australia were Papua New Guinea ($X), New Zealand ($X) and the UK ($X), together accounting for 61% of total exports. Indonesia, China, Egypt, Senegal, Singapore, Cote d'Ivoire, Germany, Madagascar, the Netherlands and Norway lagged somewhat behind, together accounting for a further 28%.

Cote d'Ivoire, with a CAGR of +110.6%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for hand-operated drilling, threading or tapping tools amounted to $X per ton, surging by 25% against the previous year. In general, the export price, however, continues to indicate a abrupt downturn. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Indonesia ($X per ton) and Papua New Guinea ($X per ton), while the average price for exports to Norway ($X per ton) and Madagascar ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Madagascar (+20.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Hand-Operated Drilling, Threading or Tapping Tools

Imports into Australia

In 2022, overseas purchases of hand-operated drilling, threading or tapping tools increased by 46% to X tons, rising for the second consecutive year after four years of decline. Over the period under review, imports, however, showed a perceptible shrinkage. The growth pace was the most rapid in 2021 with an increase of 76% against the previous year. Over the period under review, imports of attained the peak figure at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, imports of hand-operated drilling, threading or tapping tools soared to $X in 2022. Overall, imports posted a strong expansion. The growth pace was the most rapid in 2021 with an increase of 106% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), the United States (X tons) and India (X tons) were the main suppliers of imports of hand-operated drilling, threading or tapping tools to Australia, together accounting for 74% of total imports. Taiwan (Chinese), Japan, Canada and Switzerland lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +33.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest hand-operated drilling, threading or tapping tool suppliers to Australia were China ($X), the United States ($X) and India ($X), together accounting for 74% of total imports. Taiwan (Chinese), Japan, Canada and Switzerland lagged somewhat behind, together accounting for a further 19%.

In terms of the main suppliers, Switzerland, with a CAGR of +46.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for hand-operated drilling, threading or tapping tools amounted to $X per ton, shrinking by -4.7% against the previous year. Over the period under review, the import price, however, enjoyed a prominent increase. The pace of growth appeared the most rapid in 2018 an increase of 127%. Over the period under review, average import prices reached the maximum at $X per ton in 2021, and then fell modestly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Canada ($X per ton) and the United States ($X per ton), while the price for Japan ($X per ton) and Switzerland ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+20.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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